“We estimate that the “all-in” financial effects of COVID-19 will total $34 million in the current fiscal year alone.”
This was so eye-opening for me. Amherst has one of the largest endowments among liberal arts colleges. I can only imagine the fate that awaits so many other less well-endowed colleges.
@GoldPenn It brought me great concern as well. I am very happy that our daughter is at Amherst. I just could not help but think about schools that do not have large endowments. IMHO Amherst spared no expense in how they handled the whole COVID situation, but as we read this, it is not without impact.